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Fannie Mae: Difference between revisions
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|CreationLegislation= National Housing Act of 1934 (as part of the New Deal) | |CreationLegislation= National Housing Act of 1934 (as part of the New Deal) | ||
|Regulations= | |Regulations= | ||
|HeadquartersLocation= 38.898003, -77. | |HeadquartersLocation= 38.898003, -77.042167 | ||
|HeadquartersAddress= 1100 15th Street NW, Washington, DC 20005 | |||
}} | |||
The '''Federal National Mortgage Association''' ('''FNMA'''), commonly known as '''Fannie Mae''', is a United States [[government-sponsored enterprise]] (GSE) and, since 1968, a [[publicly traded company]]. Founded in 1938 during the [[Great Depression]] as part of the [[New Deal]],<ref>{{Cite magazine| url=http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-url=https://web.archive.org/web/20081006011833/http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-date=October 6, 2008 | magazine=[[Time (magazine)|Time]] | first=Kate | last=Pickert | title=A Brief History of Fannie Mae and Freddie Mac | date=July 14, 2008}}</ref> the corporation's purpose is to expand the [[secondary mortgage market]] by [[securitization|securitizing]] [[mortgage loans]] in the form of [[mortgage-backed security|mortgage-backed securities]] (MBS),<ref name="FNMA-About FNMA"> | The '''Federal National Mortgage Association''' ('''FNMA'''), commonly known as '''Fannie Mae''', is a United States [[government-sponsored enterprise]] (GSE) and, since 1968, a [[publicly traded company]]. Founded in 1938 during the [[Great Depression]] as part of the [[New Deal]],<ref>{{Cite magazine| url=http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-url=https://web.archive.org/web/20081006011833/http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-date=October 6, 2008 | magazine=[[Time (magazine)|Time]] | first=Kate | last=Pickert | title=A Brief History of Fannie Mae and Freddie Mac | date=July 14, 2008}}</ref> the corporation's purpose is to expand the [[secondary mortgage market]] by [[securitization|securitizing]] [[mortgage loans]] in the form of [[mortgage-backed security|mortgage-backed securities]] (MBS),<ref name="FNMA-About FNMA"> | ||
{{cite web | {{cite web | ||